All Forum Posts by: Jake Knight

Is the demand really high in your market?  We've had sight unseen applicants before and they've been legit.  With technology nowadays, people have the capability of virtual touring so not the most unusual circumstance in line of work imo.  That being said, scammers are rampant as well.  My feelings though would be any red flags would come out in the screening process.

Hey Justin,

Our market here is doing great. 

Duplexes are really common here but there are much fewer quads unfortunately. It's really all about finding the right deal at that right time. REI has really picked up in recent years in the Midwest so be prepared to pull the trigger when the right deal arises as properties can sell rather quickly if they cash flow.

Quote from @Tyler Lingle:

I would second Indianapolis. I know the small multi market well in Indy. 2-4 units. We have quite a few strong areas of town that still cash flow and should appreciate a lot, too. I just helped an investor lock in a quadplex for $275,000 and each unit was renting for $800. These deals are getting harder to come by but they are out there. 

 These deals are hard to find now, great job getting that!  

We use Indy Home Pro but there are a lot of good options here

Are you in a good spot to coordinate the work with the contractors?  Having boots on the ground here locally is usually a good idea so you can make sure getting things done correctly and to spec.  The quality aspect is a rather large aspect imo. I have a client that hired different GC's to do the work only to find out they didn't do some or a large part of it.

Quote from @Tyler Lingle:

Buying in Indy over the next 5-10 years is almost never a bad decision. We are the most steadily growing Metro Area in the Midwest at 2-3% a year with a diversified economy and relatively strong GDP for how affordable we are. In fact, we are a hugely undervalued city as the 2nd most affordable large metro area (after Memphis). To buy now in Indy, especially considering we literally bottomed out in housing inventory in March (lowest point in more than a decade) is a very smart move. Everything is spelling more appreciation. It's supply demand. Interest rates will hurt demand but supply and the strength of our local economy is such it won't matter. My two cents. 

Facts, as I understand from a local perspective. Infrastructure here is improving as well and there is a lot being built because demand.  Values should easily continue to increase or at very least be stabilizing. The near Eastside is also an Indy Opportunity Zone"

Hey Daniel,

We specialize in market rate rents and don't wade in the section 8 market but having a good property management company is paramount to placing good tenants and setting the right expectations for how the rental property should be treated while the tenant is living there.  Happy to be a resource if that's helpful.

Hey Chance, I'm in the Indy market and would be happy to connect.  I think I can be a good resource to you in your investment journey.  Please DM if you want to connect.

I'm a little late to the thread here but if you are still looking for insight please feel free to DM me.  We're a brokerage and PM in Indy w/20+ years of experience.  Happy to be a resource if you're still actively looking.

It may be just me but this sounds like the pea trap is dried out or there is sewage gas coming through the pipe.  That's not a justification for replacing a year old toilet.  I'd require further examination of the issue from a different contractor.